1

I have an idea but I'm not sure if it makes sense or not.

I understand that CryptoNote uses addresses just twice, the first when a payment is received, and the next when a payment is made and that specific address is never used anymore.

Having that in mind, does it makes sense to think on a cryptocurrency with a limited number of blocks (let say one year of blocks), and if there are coins on an address that were not spend they are burned.

This way the disk usage of the full blockchain would be limited, and the usage of the coins would be enforced.

Does it makes sense? It is possible to implement something like that?

closed as primarily opinion-based by Moroccan Engineer, dEBRUYNE, Smart Kid Mar 5 '18 at 23:28

Many good questions generate some degree of opinion based on expert experience, but answers to this question will tend to be almost entirely based on opinions, rather than facts, references, or specific expertise. If this question can be reworded to fit the rules in the help center, please edit the question.

  • In case of existing, this blockchain should be called ouroboros – eloyesp Mar 2 '18 at 20:52
1

Yes, that's possible to implement. Some blockchain bloat would be avoided. However:

  1. People will be upset, because they forgot/didn't realize their outputs would expire.

  2. People will remember, and will create a transaction to spend the output back to themselves before it expires. Seeing an output being used in a transaction soon prior to expiry is a good sign that the real owner is the one spending it. Therefore this is a possible privacy leak for anyone that had previously used that output as a decoy in their own transaction, because it could be successfully guessed that their transaction would now have one fewer possible source input.

Not the answer you're looking for? Browse other questions tagged or ask your own question.